Worthless. They can confiscate the whole shit very easily with one excuse of national security. We have seen it with Russian ''owned'' money and assets in the West in 2022. You own something and nothing at the same time with those vampire skin coloured people. Cosco should sell the stake and fuck out off Europe.
Miscellaneous News
- Thread starter bd popeye
- Start date
India was ahead of China until the 1980s. The only advantage China had was a somewhat better military industry. In every economic metric related to development, India was ahead. But now, China's GDP per capita is 5 times of India, and you can't really compare the technological capabilities of these two countries.
This is the reason I don't understand why people are so bullish about India surpassing China. If they were advantageous why they couldn't grow like China between 1980 and 2020?
In the early days when companies use telemarketers in India or the Philippines, the service they provided is actually pretty good. I remember having many calls with American Express and deal with their Indian telemarketers or HP online support for their computers and laptops. Most of them are well trained and knowledgeable and are able to resolve your problems.
However, many companies went cheap and started to use companies that don't have well trained or qualified employees. Things went bad pretty quickly. I had calls with Paypal and Ebay and banks for hours and for months that would go no where. Basically, they don't know what they are doing and are not given any authority to resolve any problem or offer any solution. It usually ended up with me filing complaints with various agencies in order to force them to have someone to look into the problem and call me call back with a resolution.
To be honest, the biggest issue is companies simply just want to provide bare minimum service and hoping customers would give up pursuing justice so they can save a lot of money from wages and customer retention costs.
Nowadays, there are too many telemarketers in India and many of them are not well trained and unemployed. So they take a different jobs by pursuing telemarketing and online scams and frauds. A few years ago, those fraudsters and scammers mainly operated in Caribbean but now many of them are coming from India and a small portion of them are from the Philippines.
In order not letting some people calling me a racist, I will provide a link of an article of such scams.
However, many companies went cheap and started to use companies that don't have well trained or qualified employees. Things went bad pretty quickly. I had calls with Paypal and Ebay and banks for hours and for months that would go no where. Basically, they don't know what they are doing and are not given any authority to resolve any problem or offer any solution. It usually ended up with me filing complaints with various agencies in order to force them to have someone to look into the problem and call me call back with a resolution.
To be honest, the biggest issue is companies simply just want to provide bare minimum service and hoping customers would give up pursuing justice so they can save a lot of money from wages and customer retention costs.
Nowadays, there are too many telemarketers in India and many of them are not well trained and unemployed. So they take a different jobs by pursuing telemarketing and online scams and frauds. A few years ago, those fraudsters and scammers mainly operated in Caribbean but now many of them are coming from India and a small portion of them are from the Philippines.
In order not letting some people calling me a racist, I will provide a link of an article of such scams.
must issue a correction. they were like $100 ahead on paper GDP per capita, as meaningless as trying to compare Congo with Central African Republic. Otherwise on every physical development indicator, they were behind in 1980 and just fell further behind.
Proof from World Bank:
supercat
Major
India won't replace Chinese manufacturing anytime soon either.
Even Graham Allison has a hard time to tolerate the copium in US media.
This is not true. Even in 1980 China was vastly ahead in terms of social factors such as life expdctancy and education.
India was ahead of China in GDP in the 80s is due to China opening up with the world resulting a turbulent period of time. Even though, China in all metrics is way better than India at that time. However, due to the opening up and rapid dismantling of the state controls and prices controls, China's inflation and other issues have become a big problem.
Before 80s and from 50s to 70s, Yuan was overvalued as the government pursued a strategy of importing machinery and equipment from developed world in order to expand industrialization of the country. However, due to the change of economic priority in the 80s, Yuan devalued from 1.8 yuan to dollar from 1978 to 8.7 to dollar in 1995.
Consequently, during the 80s, the Yuan value has tanked in value which resulted India GDP looks lot better than China. After China's economy stabilized in the late 90s, China GDP double and triple of India GDP within a few years.
China's willingness to endure pain during the reform years from 80s to 90s setup the foundation of China's economic miracle in the 00s and 10s. No pain and no gain, India on the other hand has reluctant to endure pain and make any painful reforms so its GDP now is just 1/5 of China.
Before 80s and from 50s to 70s, Yuan was overvalued as the government pursued a strategy of importing machinery and equipment from developed world in order to expand industrialization of the country. However, due to the change of economic priority in the 80s, Yuan devalued from 1.8 yuan to dollar from 1978 to 8.7 to dollar in 1995.
Consequently, during the 80s, the Yuan value has tanked in value which resulted India GDP looks lot better than China. After China's economy stabilized in the late 90s, China GDP double and triple of India GDP within a few years.
China's willingness to endure pain during the reform years from 80s to 90s setup the foundation of China's economic miracle in the 00s and 10s. No pain and no gain, India on the other hand has reluctant to endure pain and make any painful reforms so its GDP now is just 1/5 of China.
World bank contracts are so undesirable that American companies don't even bother to bid on many of them. Republicans should have asked their business buddies first why they don't participate in World Bank contracts before embarrassing themselves.
If the US thinks it can choose and pick what to sanction and what not to sanction, then it is seriously wrong. There is no fundamental difference between decouple and de-risk from China's POV.
If the US thinks it can choose and pick what to sanction and what not to sanction, then it is seriously wrong. There is no fundamental difference between decouple and de-risk from China's POV.
D.C. has a hammer problem were hawkish politicians see all the problems as nails and now the nails are made in China. So is difficult to even reach to a compromise in those conditions.
Looks like China canceling that foreign minister visit shook some sense into the Germans. It’s unfortunate that these are the games that must be played with caucasoids.
The USG controls other countries by corrupting their elites as a way to distract from proletarian awareness of class warfare; they are the literal cordyceps fungal zombie disease of the last of us